The global top 50 technologies have the potential to  generate a combined revenue of $2.8 trillion this year, according to a Frost & Sullivan estimate.

The latest analysis pointed out that the top 50 most innovative technologies with near-term commercial potential highlighted the need to constantly re-evaluate the business structure, with global research and development investment for these accumulated more than $120 billion last year.

Frost & Sullivan’s TechVision programme has been tailored to identify specific technologies which can influence and strengthen a company’s operative business.

Ankit A Shukla, practice director for Technical Insights (Europe), said: “An important aim is to illustrate how a business can collaborate and co-create future solutions with previously unexpected partners.

“A specific case is built to track technologies and to dwell on the multi-billion Euro opportunities arising out of a possible technology convergence.” 



Many interesting technology convergence examples have been identified as part of the TechVision programme, he said.

Self-healing oil and gas infrastructure opportunities will transpire as a result of the convergence of flexible electronics and super hydrophobic coating, whicle augmented reality technologies assimilated with wearable electronics will offer an enhanced user experience for the consumer, defence, education, and gaming sectors.

The healthcare sector will profit from 3D printing technology, making customised wound healing possible through 3D printed skin. These technologies will experience a significant adoption rate around 2019-2020. 



“Knowing a cool technology is one thing, knowing what to do with it is another. It is easy for companies to get caught in a trap of the latest fad that never leads to business ROI. Therefore, it is crucial to identify and innovate your business model with more accuracy and build new concepts for stronger stakeholder return,” said Shukla.


The technologies span across nine sectors and include information and communication technology, medical device and imaging technology, advanced manufacturing and automation, sensors and controls, materials and coatings, microelectronics, clean and green environment, sustainable energy, and health and wellness. - TradeArabia News Service